Oppenheimer & Co. Inc. grew its stake in Abrdn Healthcare Investors (NYSE:HQH - Free Report) by 94.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,268 shares of the financial services provider's stock after purchasing an additional 84,731 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.34% of Abrdn Healthcare Investors worth $2,797,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in Abrdn Healthcare Investors during the fourth quarter valued at $2,196,000. Stratos Wealth Partners LTD. bought a new stake in Abrdn Healthcare Investors during the fourth quarter worth about $187,000. Absolute Investment Advisers LLC purchased a new stake in Abrdn Healthcare Investors in the fourth quarter worth about $1,786,000. Kingswood Wealth Advisors LLC increased its position in Abrdn Healthcare Investors by 63.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 54,531 shares of the financial services provider's stock valued at $875,000 after buying an additional 21,212 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of Abrdn Healthcare Investors by 7.2% in the 4th quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider's stock worth $400,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Trading Down 0.6 %
Shares of NYSE:HQH traded down $0.11 during trading on Thursday, reaching $16.96. 85,125 shares of the stock traded hands, compared to its average volume of 217,185. The stock has a 50-day moving average of $17.28 and a two-hundred day moving average of $17.86. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.
Abrdn Healthcare Investors Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be issued a $0.57 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 13.44%.
About Abrdn Healthcare Investors
(
Free Report)
Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.
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